G'day.
I would appreciate any suggestions anybody could make in regards to my situation.
I have recently picked up some weekend work that I will need to get an abn for. It isn't a huge amount probably less than $1000 a month. My plans are to not use this income on top of my eomolyee wage but to put it aside for investing.
Would it be worth setting up a company and a trust or would the amount of income not make it worth it? what would be the best way to go about using this income for investments?
I have zero knowledge on setting up a business or trusts and I'm trying get a bit of knowledge before seeing an account.
Thanks in advance for any help.
I would appreciate any suggestions anybody could make in regards to my situation.
I have recently picked up some weekend work that I will need to get an abn for. It isn't a huge amount probably less than $1000 a month. My plans are to not use this income on top of my eomolyee wage but to put it aside for investing.
Would it be worth setting up a company and a trust or would the amount of income not make it worth it? what would be the best way to go about using this income for investments?
I have zero knowledge on setting up a business or trusts and I'm trying get a bit of knowledge before seeing an account.
Thanks in advance for any help.